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FPIs ramp up BFSI stocks in their portfolios
The total weightage of BFSI stocks touched a 26-month high, making up around 32.4% in their portfolio. As per NSDL data, FPIs have made net investments worth Rs 38,287 crore in Indian markets, as of May 16, 2023.
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10 more insurers being probed for misusing ITC
Effective April 1, 2023, IRDA has set a ceiling on the total expenditure an insurance company can incur while paying its agents and other service intermediaries.
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LIC fails its investors; m-cap down 40% in a year
On May 17, 2022, India’s biggest insurance player, the Life Insurance Corporation of India, enlisted on the stock exchange. With each share priced at Rs 949, the issue was 3x oversubscribed. It made sense, for LIC, which was valued at Rs 5.4 lakh crore, takes up about 70% of India’s life insurance segment. It managed to […]
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BoB expects Go First default, makes Rs 500-cr provision
The Mumbai-based public sector lender has an exposure of Rs 1,300 crore to the troubled airline. This does not include exposure that is guaranteed by the Centre under the Emergency Credit Line Guarantee Scheme.
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WhatsApp to block shady numbers
India tops the league of nations in terms of WhatsApp users. The number is estimated to be 48.7 crore, which is more than the total populations of the US and Russia combined.
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Prepare for retirement while young
If one wants to combat inflation, then, it is not just essential for him to invest, but also to select the right investment options
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Flop show at box office for PVR
Go First case is likely ti hit lend for Indian aviation; Suzuki is bullish on India; Executive director quits Coca-Cola bottling arm; Dish TV minority shareholders seek EGM
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Whatsapp allows users to lock personal chats
WhatsApp allows users to lock individual chats; Kotak allows customers to block debit card on WhatsApp;, Railways to launch one-stop solution app for passengers; Women workers should get 9 months of maternity leave: Niti Aayog
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Now, owning real estate won’t be an expensive affair!
In its consultation paper, the regulator noted how the current real-estate fractional ownership market lacked clear, uniform standards for property valuation and information diligence, which could adversely impact the regular buyer
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This is how retirees can get back to job market!
Per estimates, the elderly population is set to jump by 41% in the next decade, touching almost 194 million by 2030. In fact, by 2050, the country’s elderly population will double, making up 19.6% of the total population.
